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Rithm Property Trust (RPT) Financials

Rithm Property Trust logo
$12.28 -0.22 (-1.76%)
As of 03:58 PM Eastern
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Annual Income Statements for Rithm Property Trust

Annual Income Statements for Rithm Property Trust

This table shows Rithm Property Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 25 28 29 28 35 23 34 -29 -49 -92 -2.74
Consolidated Net Income / (Loss)		 26 29 30 31 37 34 42 -15 -47 -93 1.47
Net Income / (Loss) Continuing Operations		 26 29 30 31 37 34 42 -15 -47 -93 1.47
Total Pre-Tax Income 		26 29 30 31 37 34 42 -12 -47 -93 1.53
Total Revenue		 38 46 53 58 64 51 60 28 -7.60 -45 21
Net Interest Income / (Expense)		 36 45 52 55 53 50 57 39 13 9.30 15
Total Interest Income		 48 71 91 108 112 98 93 83 72 53 53
Investment Securities Interest Income		 48 71 91 108 112 98 93 83 72 53 53
Total Interest Expense		 11 26 39 53 59 49 37 44 59 44 37
Long-Term Debt Interest Expense		 11 26 39 53 59 49 37 44 59 44 37
Total Non-Interest Income		 1.37 1.02 0.63 3.65 11 0.91 3.08 -11 -21 -55 5.89
Net Realized & Unrealized Capital Gains on Investments		 0.00 -0.01 -1.13 -0.07 -0.43 -0.66 0.70 -7.33 -20 -55 5.89
Provision for Credit Losses		 - 0.00 0.00 1.16 0.80 -13 -18 -8.03 8.14 5.09 -7.00
Total Non-Interest Expense		 12 17 23 26 27 29 36 48 30 37 16
Other Operating Expenses		 12 17 21 23 24 29 34 48 30 37 16
Nonoperating Income / (Expense), net		 - - 0.71 - 1.33 -0.16 - - -1.31 -5.77 -11
Income Tax Expense		 0.00 0.04 0.13 0.06 0.12 -0.04 0.29 2.84 0.24 0.15 0.06
Preferred Stock Dividends Declared		 - - - 0.00 0.00 5.74 7.80 14 2.19 0.34 4.21
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.04 1.04 1.23 3.00 2.38 5.11 -0.08 0.08 0.11 -1.22 0.00
Basic Earnings per Share		 $1.68 $1.65 $1.58 $1.50 $1.74 $1.00 $1.48 ($1.24) ($2.01) ($13.76) ($0.36)
Weighted Average Basic Shares Outstanding		 14.71M 33.49M 18.07M 18.64M 19.71M 22.64M 22.85M 22.75M 24.29M 6.70M 7.57M
Diluted Earnings per Share		 $1.68 $1.65 $1.51 $1.43 $1.59 $1.00 $1.41 ($1.24) ($2.01) ($13.76) ($0.36)
Weighted Average Diluted Shares Outstanding		 15.37M 17.45M 23.32M 25.83M 28.17M 22.64M 30.26M 23.04M 24.29M 6.70M 7.57M
Weighted Average Basic & Diluted Shares Outstanding		 14.70M 16.90M 18.30M 18.90M 22.14M 22.98M 23.15M 23.13M 27.46M 47.49M 7.57M
Cash Dividends to Common per Share		 - - - - - $0.83 $0.91 $1.06 $0.76 - $1.44

Quarterly Income Statements for Rithm Property Trust

This table shows Rithm Property Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -23 -74 -13 -8.03 2.92 -3.74 0.61 -1.56 1.95 -3.28 0.72
Consolidated Net Income / (Loss)		 -23 -74 -13 -7.96 1.76 -3.39 1.90 -0.27 3.24 -1.99 2.01
Net Income / (Loss) Continuing Operations		 -23 -74 -13 -7.96 1.76 -3.39 1.90 -0.27 3.24 -1.99 2.01
Total Pre-Tax Income 		-23 -73 -14 -7.98 1.79 -3.53 1.93 -0.25 3.39 -1.99 2.03
Total Revenue		 -3.77 -45 -6.14 1.98 4.08 4.78 4.78 4.18 10 3.53 7.02
Net Interest Income / (Expense)		 3.17 1.63 0.35 3.69 3.63 3.81 4.21 3.99 3.40 3.63 4.06
Total Interest Income		 33 16 12 12 13 13 14 13 13 13 12
Investment Securities Interest Income		 18 16 12 12 13 13 14 13 13 13 12
Total Interest Expense		 30 14 12 8.66 9.24 9.39 9.42 9.44 9.14 8.91 8.28
Long-Term Debt Interest Expense		 - 14 12 8.66 9.24 9.39 9.42 9.44 9.14 8.91 8.28
Total Non-Interest Income		 -6.94 -47 -6.49 -1.71 0.45 0.97 0.56 0.19 6.74 -0.10 2.96
Net Realized & Unrealized Capital Gains on Investments		 -7.68 -47 -6.49 -1.71 0.97 0.97 0.56 0.19 2.21 -0.10 2.96
Total Non-Interest Expense		 6.28 24 8.99 5.19 -1.06 3.75 3.96 3.97 4.29 4.85 4.43
Other Operating Expenses		 6.29 24 8.99 5.19 -1.06 3.75 3.96 3.97 4.29 4.85 4.43
Nonoperating Income / (Expense), net		 - - 1.49 -3.91 - -4.56 1.11 -0.47 - -0.68 -0.56
Income Tax Expense		 0.07 0.92 -0.77 -0.02 0.03 -0.14 0.03 0.02 0.15 -0.01 0.02
Preferred Stock Dividends Declared		 0.55 0.34 0.00 0.00 -0.00 0.35 1.29 1.29 1.29 1.29 1.29
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.04 -0.01 -0.12 0.07 -1.15 0.00 0.00 0.00 -0.00 0.00 0.00
Basic Earnings per Share		 ($0.91) ($2.41) ($0.32) ($0.18) $0.44 ($0.49) $0.08 ($0.03) $0.26 ($0.43) $0.09
Weighted Average Basic Shares Outstanding		 24.29M 30.70M 39.34M 45.33M 6.70M 7.57M 7.57M 45.42M 7.57M 7.62M 7.75M
Diluted Earnings per Share		 ($0.91) ($2.41) ($0.32) ($0.18) $0.44 ($0.49) $0.08 ($0.03) $0.26 ($0.43) $0.09
Weighted Average Diluted Shares Outstanding		 24.29M 30.89M 39.34M 45.33M 6.70M 7.57M 7.57M 45.42M 7.57M 7.62M 7.75M
Weighted Average Basic & Diluted Shares Outstanding		 27.46M 36.98M 45.61M 45.42M 47.49M 45.42M 45.42M 45.43M 7.57M 7.77M 7.77M

Annual Cash Flow Statements for Rithm Property Trust

This table details how cash moves in and out of Rithm Property Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -22 6.12 44 -26 9.19 43 -23 -37 4.99 11 16
Net Cash From Operating Activities		 -11 -5.22 -8.70 1.03 -15 -14 -18 1.14 -46 0.29 -8.31
Net Cash From Continuing Operating Activities		 -11 -5.22 -8.72 1.03 -15 -14 -18 1.14 -46 0.29 -8.31
Net Income / (Loss) Continuing Operations		 26 29 30 31 37 34 42 -15 -47 -93 1.47
Consolidated Net Income / (Loss)		 26 29 30 31 37 34 42 -15 -47 -93 1.47
Provision For Loan Losses		 - 0.00 0.00 1.16 0.80 -13 -18 -8.03 8.14 4.23 -7.00
Amortization Expense		 1.85 6.83 6.27 5.60 -0.94 -4.68 -4.80 -6.84 -6.79 -5.09 0.46
Non-Cash Adjustments to Reconcile Net Income		 -30 -36 -38 -37 -47 -32 -23 13 15 70 -0.15
Changes in Operating Assets and Liabilities, net		 -8.43 -5.14 -7.10 -0.27 -5.29 1.42 -14 18 -16 24 -3.09
Net Cash From Investing Activities		 -321 -299 -346 -190 100 24 -50 223 173 297 -33
Net Cash From Continuing Investing Activities		 -321 -299 -346 -190 100 24 -50 223 173 297 -33
Purchase of Investment Securities		 -350 -449 -473 -365 -348 -234 -649 -146 -90 -263 -133
Sale of Property, Leasehold Improvements and Equipment		 2.73 9.12 17 18 17 11 6.84 4.98 3.93 1.86 2.64
Sale and/or Maturity of Investments		 26 140 107 157 429 245 590 363 257 558 93
Other Investing Activities, net		 0.16 0.37 3.06 0.83 1.14 1.42 1.78 0.97 1.83 0.41 3.81
Net Cash From Financing Activities		 309 311 398 164 -76 33 46 -261 -121 -286 57
Net Cash From Continuing Financing Activities		 309 311 398 164 -76 33 46 -261 -121 -286 57
Issuance of Debt		 450 637 1,127 493 606 430 952 293 -70 -19 51
Issuance of Preferred Equity		 - - - - - - - - - 0.00 51
Issuance of Common Equity		 51 32 4.04 0.20 35 125 0.49 5.07 28 14 0.00
Repayment of Debt		 -175 -335 -720 -308 -686 -502 -837 -395 -58 -269 -33
Payment of Dividends		 -12 -17 -21 -26 -26 -17 -29 -30 -21 -11 -11
Other Financing Activities, Net		 -5.06 -6.08 8.97 4.07 -5.20 -2.06 -40 -3.92 -0.34 -0.90 0.00
Cash Interest Paid		 9.17 19 35 51 53 42 30 41 56 26 35
Cash Income Taxes Paid		 0.00 0.00 0.00 0.27 0.07 0.09 0.36 2.61 0.45 0.10 0.47

Quarterly Cash Flow Statements for Rithm Property Trust

This table details how cash moves in and out of Rithm Property Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -11 47 -28 12 -20 33 1.19 -16 -2.24 17 -30
Net Cash From Operating Activities		 -12 -8.23 16 -5.30 -2.43 -1.61 -0.03 -5.84 -0.84 -2.96 -1.01
Net Cash From Continuing Operating Activities		 -12 -8.23 16 -5.30 -2.43 -1.61 -0.03 -5.84 -0.84 -2.96 -1.01
Net Income / (Loss) Continuing Operations		 -23 -74 -13 -7.95 1.76 -3.39 1.90 -0.27 3.24 -1.99 2.01
Consolidated Net Income / (Loss)		 -23 -74 -13 -7.95 1.76 -3.39 1.90 -0.27 3.24 -1.99 2.01
Amortization Expense		 -1.70 -0.94 2.81 -2.22 -4.74 -0.03 0.24 0.12 0.13 0.15 0.01
Non-Cash Adjustments to Reconcile Net Income		 5.54 63 4.27 6.43 -3.58 2.65 -2.15 -1.86 1.22 -1.88 -4.06
Changes in Operating Assets and Liabilities, net		 -4.60 -0.17 22 -1.56 4.13 -0.83 -0.01 -3.83 1.58 0.76 1.04
Net Cash From Investing Activities		 24 93 290 45 -131 -16 18 -0.32 -35 134 -25
Net Cash From Continuing Investing Activities		 24 93 290 45 -131 -16 18 -0.32 -35 134 -25
Purchase of Investment Securities		 -0.98 0.00 - -102 -162 -64 0.69 -22 -50 0.00 -103
Sale and/or Maturity of Investments		 23 92 287 149 30 47 16 20 13 132 90
Other Investing Activities, net		 1.07 0.22 2.56 -2.37 - 0.38 0.62 0.55 2.26 2.24 -12
Net Cash From Financing Activities		 -23 -37 -335 -28 114 51 -17 -10 33 -115 -3.67
Net Cash From Continuing Financing Activities		 -23 -37 -335 -28 114 51 -17 -10 33 -115 -3.67
Repayment of Debt		 -14 -12 -228 -20 -8.61 -7.63 -9.31 -5.99 -9.84 -7.16 -7.09
Repurchase of Common Equity		 - - - - - 0.00 - - - -0.22 -0.00
Payment of Dividends		 -3.58 -3.70 -2.22 -2.74 -2.79 -2.76 -2.72 -2.73 -2.81 -4.02 -4.09
Cash Interest Paid		 13 14 6.46 9.80 -4.03 12 9.22 12 5.50 11 4.83

Annual Balance Sheets for Rithm Property Trust

This table presents Rithm Property Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 610 957 1,396 1,603 1,577 1,654 1,760 1,484 1,336 977 1,042
Cash and Due from Banks		 31 36 54 55 64 107 84 48 53 64 79
Restricted Cash		 0.04 1.19 27 0.02 0.02 0.19 - - - 0.00 0.81
Trading Account Securities		 - 6.32 6.29 169 290 274 355 257 191 445 543
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 - 0.05 - - - - 30 0.00 56 28 29
Mortgage Servicing Rights		 555 869 1,254 1,311 1,151 1,119 1,080 989 865 396 363
Other Assets		 19 31 37 36 53 129 183 177 172 45 26
Total Liabilities & Shareholders' Equity		 610 957 1,396 1,603 1,577 1,654 1,760 1,484 1,336 977 1,042
Total Liabilities		 372 675 1,078 1,269 1,193 1,139 1,259 1,147 1,025 731 750
Long-Term Debt		 370 670 1,073 1,262 1,186 1,117 1,224 1,123 997 723 516
Other Long-Term Liabilities		 2.45 4.57 5.30 6.78 7.11 23 35 24 28 8.01 235
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 238 283 317 334 384 514 500 337 311 247 291
Total Preferred & Common Equity		 228 272 290 301 360 485 497 335 309 247 292
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 115 115 35 35 0.00 51
Total Common Equity		 228 272 290 301 360 370 382 301 274 247 241
Common Stock		 212 245 255 261 310 318 316 323 352 426 426
Retained Earnings		 16 27 36 41 49 53 66 13 -54 -158 -172
Treasury Stock		 - - 0.00 -0.27 -0.46 -1.16 -1.69 -9.53 -9.56 -12 -12
Accumulated Other Comprehensive Income / (Loss)		 - 0.00 -0.23 -0.58 1.28 0.38 1.02 -26 -14 -8.99 -1.65
Noncontrolling Interest		 10 10 27 33 24 29 3.18 2.14 1.96 -0.15 -0.46

Quarterly Balance Sheets for Rithm Property Trust

This table presents Rithm Property Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 1,375 1,244 912 858 1,028 1,014 1,003 931 929
Cash and Due from Banks		 64 100 72 84 97 99 81 96 67
Restricted Cash		 - - - - - - 0.92 0.55 0.41
Trading Account Securities		 192 179 189 236 413 459 457 418 370
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Mortgage Servicing Rights		 939 439 414 403 387 379 373 356 348
Other Assets		 166 149 120 104 103 50 63 32 144
Total Liabilities & Shareholders' Equity		 1,375 1,244 912 858 1,028 1,014 1,003 931 929
Total Liabilities		 1,052 988 657 611 732 720 712 644 644
Long-Term Debt		 1,027 964 630 606 726 712 705 637 420
Other Long-Term Liabilities		 25 22 27 5.39 6.64 7.44 6.25 6.71 224
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 322 256 254 247 296 295 292 287 285
Total Preferred & Common Equity		 320 254 254 246 296 295 292 287 285
Preferred Stock		 35 0.00 0.00 0.00 51 51 51 51 51
Total Common Equity		 286 254 254 246 245 244 241 236 235
Common Stock		 341 409 424 424 426 426 426 427 430
Retained Earnings		 -28 -132 -147 -158 -165 -167 -171 -178 -183
Treasury Stock		 -9.56 -9.56 -9.56 -12 -12 -12 -12 -12 -12
Accumulated Other Comprehensive Income / (Loss)		 -18 -13 -14 -8.28 -4.13 -3.35 -2.17 -1.54 -1.61
Noncontrolling Interest		 2.12 1.94 0.93 1.00 -0.15 -0.15 -0.15 -0.46 -0.46

Annual Metrics And Ratios for Rithm Property Trust

This table displays calculated financial ratios and metrics derived from Rithm Property Trust's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 15,926,052.00 18,744,090.00 18,251,975.00 18,856,601.00 20,347,176.00 23,034,443.00 23,143,037.00 22,892,634.00 27,469,413.00 45,420,752.00 45,428,460.00
DEI Adjusted Shares Outstanding		 2,654,342.00 3,124,015.00 3,041,996.00 3,142,767.00 3,391,196.00 3,839,074.00 3,857,173.00 3,815,439.00 4,578,236.00 7,570,125.00 7,571,410.00
DEI Earnings Per Adjusted Shares Outstanding		 9.72 9.24 9.91 9.97 10.94 8.75 10.83 -3.91 -10.26 -12.29 0.19
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 22.80% 14.79% 10.45% 9.35% -20.97% 18.15% -53.77% -127.52% -495.35% 147.10%
EBITDA Growth		 0.00% 29.37% 0.47% 3.40% -4.60% -18.04% 28.30% -150.82% -175.56% -76.69% 113.85%
EBIT Growth		 0.00% 12.08% 2.31% 6.16% 14.27% -6.01% 24.74% -128.77% -275.23% -91.90% 114.14%
NOPAT Growth		 0.00% 11.95% 2.00% 6.41% 14.12% -5.59% 23.73% -120.28% -275.23% -91.90% 119.41%
Net Income Growth		 0.00% 11.95% 4.43% 3.92% 18.36% -9.39% 24.30% -135.75% -214.39% -98.16% 101.58%
EPS Growth		 0.00% -1.79% -8.48% -5.30% 11.19% -37.11% 41.00% -187.94% -62.10% -98.16% 101.58%
Operating Cash Flow Growth		 0.00% 51.09% -66.54% 111.88% -1,551.89% 6.27% -29.73% 106.22% -4,193.74% 100.62% -2,963.79%
Free Cash Flow Firm Growth		 0.00% 0.00% -28.91% 57.29% 135.64% -144.41% -88.75% 590.88% -52.73% 129.98% -118.62%
Invested Capital Growth		 0.00% 56.88% 45.93% 14.79% -1.65% 3.91% 5.75% -15.31% -10.45% -25.90% 6.56%
Revenue Q/Q Growth		 0.00% -0.13% 0.86% 4.49% -1.07% 0.46% 4.46% -38.08% -88.63% 14.78% 91.01%
EBITDA Q/Q Growth		 0.00% -2.34% -0.49% -1.52% 9.77% -1.42% -5.53% -750.90% -39.88% 7.11% 383.66%
EBIT Q/Q Growth		 0.00% -7.11% -0.64% 3.08% -0.54% 27.11% -9.25% -378.38% -48.68% 10.38% 13,490.22%
NOPAT Q/Q Growth		 0.00% -7.23% -0.77% 2.23% -4.11% 26.16% -9.16% -1,453.15% -50.25% 25.68% 25,721.56%
Net Income Q/Q Growth		 0.00% -7.17% 1.60% 2.18% -0.50% 27.67% -10.92% -2,485.94% -53.32% 20.76% 29,580.00%
EPS Q/Q Growth		 0.00% -12.23% 0.00% 2.14% -1.85% 20.48% -10.76% -90.77% -45.65% 20.76% 29,580.00%
Operating Cash Flow Q/Q Growth		 0.00% 70.73% -188.74% 112.23% -104.17% -39.54% 20.80% 37.91% -24.64% 103.10% 16.04%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -33.10% 42.60% 385.55% 62.14% -171.45% 127.01% -11.47% -32.93% 64.09%
Invested Capital Q/Q Growth		 0.00% 16.72% 20.63% 7.34% 1.53% -0.89% 6.56% -3.05% -3.04% 13.67% 3.62%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 73.58% 77.52% 67.85% 63.51% 55.41% 57.46% 62.40% -68.60% 0.00% 0.00% 59.97%
EBIT Margin		 68.66% 62.67% 55.85% 53.68% 56.10% 66.71% 70.44% -43.83% 0.00% 0.00% 57.82%
Profit (Net Income) Margin		 68.65% 62.59% 56.94% 53.57% 57.99% 66.48% 69.95% -54.10% 0.00% 0.00% 6.92%
Tax Burden Percent		 99.99% 99.88% 99.57% 99.80% 99.67% 100.12% 99.30% 123.43% 100.52% 100.16% 96.09%
Interest Burden Percent		 100.00% 100.00% 102.39% 100.00% 103.71% 99.54% 100.00% 100.00% 102.88% 106.62% 12.45%
Effective Tax Rate		 0.01% 0.12% 0.43% 0.20% 0.33% -0.12% 0.70% 0.00% 0.00% 0.00% 3.91%
Return on Invested Capital (ROIC)		 4.25% 3.70% 2.51% 2.10% 2.26% 2.11% 2.49% -0.53% 0.00% 0.00% 1.18%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.25% 3.70% 2.59% 2.10% 2.37% 2.10% 2.49% -1.08% 0.00% 0.00% -0.23%
Return on Net Nonoperating Assets (RNNOA)		 6.60% 7.39% 7.54% 7.52% 8.07% 5.37% 5.74% -3.03% 0.00% 0.00% -0.63%
Return on Equity (ROE)		 10.85% 11.09% 10.05% 9.62% 10.33% 7.48% 8.23% -3.56% -14.48% -33.37% 0.55%
Cash Return on Invested Capital (CROIC)		 0.00% -40.59% -34.84% -11.67% 3.92% -1.72% -3.10% 16.05% 8.73% 24.40% -5.17%
Operating Return on Assets (OROA)		 5.85% 3.69% 2.51% 2.09% 2.26% 2.09% 2.46% -0.75% 0.00% 0.00% 1.22%
Return on Assets (ROA)		 5.84% 3.68% 2.56% 2.09% 2.33% 2.08% 2.45% -0.92% 0.00% 0.00% 0.15%
Return on Common Equity (ROCE)		 10.33% 10.66% 9.42% 8.72% 9.50% 6.08% 6.10% -2.91% -12.85% -31.20% 0.50%
Return on Equity Simple (ROE_SIMPLE)		 11.32% 10.60% 10.39% 10.42% 10.31% 6.92% 8.40% -4.45% -15.20% -37.68% 0.51%
Net Operating Profit after Tax (NOPAT)		 26 29 29 31 36 34 42 -8.47 -32 -61 12
NOPAT Margin		 68.65% 62.59% 55.61% 53.57% 55.91% 66.79% 69.95% -30.68% 0.00% 0.00% 55.56%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -0.08% 0.00% -0.11% 0.01% 0.00% 0.55% 1.43% 3.73% 1.42%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 31.34% 37.33% 44.15% 44.33% 42.65% 58.12% 60.08% 172.90% 0.00% 0.00% 75.05%
Earnings before Interest and Taxes (EBIT)		 26 29 30 31 36 34 42 -12 -45 -87 12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 28 36 36 37 35 29 37 -19 -52 -92 13
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.36 0.43 0.44 0.42 0.51 0.45 0.59 0.46 0.48 0.49 0.51
Price to Tangible Book Value (P/TBV)		 0.36 0.43 0.44 0.42 0.51 0.45 0.59 0.46 0.48 0.49 0.51
Price to Revenue (P/Rev)		 2.19 2.54 2.43 2.17 2.89 3.31 3.76 4.99 0.00 0.00 5.77
Price to Earnings (P/E)		 3.32 4.21 4.45 4.48 5.33 7.35 6.60 0.00 0.00 0.00 0.00
Dividend Yield		 12.40% 15.85% 16.01% 18.11% 14.63% 11.43% 8.35% 19.29% 15.81% 10.51% 0.00%
Earnings Yield		 30.12% 23.78% 22.46% 22.30% 18.76% 13.60% 15.16% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.71 0.80 0.83 0.86 0.85 0.81 0.86 0.86 0.85 0.80 0.81
Enterprise Value to Revenue (EV/Rev)		 11.47 16.49 21.68 23.37 20.80 26.13 24.83 45.27 0.00 0.00 39.19
Enterprise Value to EBITDA (EV/EBITDA)		 15.59 21.27 31.96 36.80 37.54 45.47 39.79 0.00 0.00 0.00 65.35
Enterprise Value to EBIT (EV/EBIT)		 16.71 26.31 38.82 43.54 37.08 39.17 35.25 0.00 0.00 0.00 67.77
Enterprise Value to NOPAT (EV/NOPAT)		 16.71 26.35 38.99 43.63 37.20 39.12 35.50 0.00 0.00 0.00 70.53
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 1,323.48 0.00 0.00 0.00 1,101.21 0.00 2,686.71 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 21.42 0.00 0.00 4.89 9.21 2.80 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.55 2.37 3.38 3.77 3.09 2.17 2.45 3.33 3.21 2.93 2.55
Long-Term Debt to Equity		 1.55 2.37 3.38 3.77 3.09 2.17 2.45 3.33 3.21 2.93 2.55
Financial Leverage		 1.55 2.00 2.90 3.58 3.41 2.56 2.31 2.80 3.27 3.08 2.72
Leverage Ratio		 2.16 3.01 3.92 4.60 4.43 3.60 3.36 3.87 4.35 4.15 3.75
Compound Leverage Factor		 2.16 3.01 4.01 4.60 4.59 3.58 3.36 3.87 4.48 4.42 0.47
Debt to Total Capital		 60.84% 70.33% 77.17% 79.06% 75.53% 68.46% 70.99% 76.90% 76.24% 74.54% 71.82%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 60.84% 70.33% 77.17% 79.06% 75.53% 68.46% 70.99% 76.90% 76.24% 74.54% 71.82%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 7.06% 6.68% 2.37% 2.64% 0.00% 4.92%
Noncontrolling Interests to Total Capital		 1.65% 1.09% 1.95% 2.10% 1.54% 1.79% 0.18% 0.15% 0.15% -0.02% -0.04%
Common Equity to Total Capital		 37.51% 28.58% 20.88% 18.85% 22.93% 22.70% 22.15% 20.59% 20.97% 25.47% 23.31%
Debt to EBITDA		 13.37 18.74 29.86 33.96 33.45 38.44 32.85 -59.31 -19.11 -7.84 58.06
Net Debt to EBITDA		 12.25 17.71 27.62 32.48 31.64 34.74 30.59 -56.78 -18.10 -7.14 51.79
Long-Term Debt to EBITDA		 13.37 18.74 29.86 33.96 33.45 38.44 32.85 -59.31 -19.11 -7.84 58.06
Debt to NOPAT		 14.33 23.21 36.43 40.27 33.15 33.07 29.31 -132.62 -31.38 -11.85 62.67
Net Debt to NOPAT		 13.13 21.93 33.69 38.51 31.35 29.89 27.29 -126.97 -29.72 -10.79 55.90
Long-Term Debt to NOPAT		 14.33 23.21 36.43 40.27 33.15 33.07 29.31 -132.62 -31.38 -11.85 62.67
Noncontrolling Interest Sharing Ratio		 4.76% 3.93% 6.25% 9.29% 8.02% 18.75% 25.87% 18.50% 11.29% 6.52% 9.33%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -317 -408 -174 62 -28 -52 256 121 278 -52
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -12.38 -10.44 -3.27 1.05 -0.57 -1.42 5.86 2.04 6.38 -1.38
Operating Cash Flow to Interest Expense		 -0.93 -0.20 -0.22 0.02 -0.25 -0.29 -0.50 0.03 -0.78 0.01 -0.22
Operating Cash Flow Less CapEx to Interest Expense		 -0.69 0.15 0.22 0.34 0.04 -0.06 -0.32 0.14 -0.72 0.05 -0.15
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.09 0.06 0.05 0.04 0.04 0.03 0.04 0.02 0.00 0.00 0.02
Fixed Asset Turnover		 215.91 68.50 41.16 6.18 6.67 10.05 8.19 4.45 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 607 953 1,390 1,596 1,570 1,631 1,725 1,461 1,308 969 1,033
Invested Capital Turnover		 0.06 0.06 0.05 0.04 0.04 0.03 0.04 0.02 0.00 0.00 0.02
Increase / (Decrease) in Invested Capital		 0.00 345 438 206 -26 61 94 -264 -153 -339 64
Enterprise Value (EV)		 431 761 1,148 1,367 1,330 1,321 1,483 1,250 1,113 779 835
Market Capitalization		 82 117 129 127 185 167 225 138 132 121 123
Book Value per Share		 $14.30 $14.53 $15.91 $15.95 $17.69 $16.07 $16.51 $13.14 $9.99 $5.44 $5.30
Tangible Book Value per Share		 $14.30 $14.53 $15.91 $15.95 $17.69 $16.07 $16.51 $13.14 $9.99 $5.44 $5.30
Total Capital		 607 953 1,390 1,596 1,570 1,631 1,725 1,461 1,308 969 1,033
Total Debt		 370 670 1,073 1,262 1,186 1,117 1,224 1,123 997 723 742
Total Long-Term Debt		 370 670 1,073 1,262 1,186 1,117 1,224 1,123 997 723 742
Net Debt		 339 633 992 1,207 1,121 1,009 1,140 1,076 944 658 662
Capital Expenditures (CapEx)		 -2.73 -9.12 -17 -17 -18 -11 -6.57 -4.95 -3.93 -1.86 -2.64
Net Nonoperating Expense (NNE)		 0.00 0.00 -0.70 0.00 -1.33 0.16 0.00 6.47 15 32 10
Net Nonoperating Obligations (NNO)		 370 670 1,073 1,262 1,186 1,117 1,224 1,123 997 723 742
Total Depreciation and Amortization (D&A)		 1.85 6.85 6.35 5.75 -0.44 -4.68 -4.80 -6.84 -6.79 -5.09 0.46
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.68 $1.65 $1.58 $1.50 $1.74 $1.00 $1.48 ($1.24) ($2.01) ($13.74) ($0.36)
Adjusted Weighted Average Basic Shares Outstanding		 14.71M 16.74M 18.07M 37.29M 19.71M 22.64M 22.85M 22.75M 24.29M 6.70M 7.57M
Adjusted Diluted Earnings per Share		 $1.68 $1.65 $1.51 $1.43 $1.59 $1.00 $1.41 ($1.24) ($2.01) ($13.74) ($0.36)
Adjusted Weighted Average Diluted Shares Outstanding		 15.37M 17.45M 23.32M 25.83M 28.17M 22.64M 30.26M 23.04M 24.29M 6.70M 7.57M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.94M 18.77M 18.69M 18.91M 22.14M 22.98M 23.15M 23.13M 27.46M 7.91M 7.57M
Normalized Net Operating Profit after Tax (NOPAT)		 26 29 32 35 39 24 43 -8.47 -32 -61 12
Normalized NOPAT Margin		 68.65% 62.59% 60.56% 59.12% 61.65% 46.70% 72.34% -30.68% 0.00% 0.00% 55.56%
Pre Tax Income Margin		 68.66% 62.67% 57.19% 53.68% 58.18% 66.41% 70.44% -43.83% 0.00% 0.00% 7.20%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.24 1.13 0.76 0.59 0.60 0.69 1.15 -0.28 -0.77 -2.00 0.33
NOPAT to Interest Expense		 2.24 1.13 0.75 0.59 0.60 0.69 1.14 -0.19 -0.54 -1.40 0.32
EBIT Less CapEx to Interest Expense		 2.48 1.49 1.19 0.91 0.90 0.92 1.32 -0.16 -0.70 -1.96 0.40
NOPAT Less CapEx to Interest Expense		 2.48 1.49 1.19 0.91 0.90 0.92 1.32 -0.08 -0.47 -1.36 0.39
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 46.82% 59.38% 70.86% 83.88% 70.97% 52.07% 68.88% -200.50% -43.84% -12.30% 747.96%
Augmented Payout Ratio		 46.82% 59.38% 70.86% 83.88% 70.97% 53.37% 68.92% -231.66% -43.84% -12.30% 747.96%

Quarterly Metrics And Ratios for Rithm Property Trust

This table displays calculated financial ratios and metrics derived from Rithm Property Trust's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 27,469,413.00 27,469,413.00 36,982,966.00 45,607,549.00 45,420,752.00 47,489,988.00 45,423,086.00 45,420,752.00 45,428,460.00 7,571,310.00 7,772,564.00
DEI Adjusted Shares Outstanding		 4,578,236.00 4,578,236.00 6,163,828.00 7,601,258.00 7,570,125.00 7,914,998.00 7,570,514.00 7,570,125.00 7,571,410.00 7,571,310.00 7,772,564.00
DEI Earnings Per Adjusted Shares Outstanding		 -4.94 -16.16 -2.09 -1.05 0.23 -0.43 0.25 -0.04 0.43 -0.26 0.26
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1,830.77% -70,648.44% -16.29% 42.88% 208.37% 110.60% 209.64% 111.64% 148.58% -26.17% 46.85%
EBITDA Growth		 -182.52% -741.89% 5.75% 13.88% 101.75% 101.35% 124.45% 105.36% 1,385.36% -217.15% 145.83%
EBIT Growth		 -229.80% -918.78% -34.08% 27.49% 124.10% 101.41% 118.32% 105.33% 13.89% -227.45% 217.16%
NOPAT Growth		 -272.58% -918.78% -34.08% 27.49% 111.15% 101.41% 125.82% 105.33% 84.03% -227.45% 218.32%
Net Income Growth		 -259.92% -904.78% -12.21% -44.23% 107.78% 95.42% 114.77% 96.57% 84.03% 41.34% 5.58%
EPS Growth		 -225.00% -608.82% 37.25% 28.00% 107.78% 95.42% 103.13% 83.33% 84.03% 12.24% 12.50%
Operating Cash Flow Growth		 -316.69% 51.05% 337.81% 50.65% 79.92% 80.49% -100.15% -10.05% 65.39% -84.30% -3,932.00%
Free Cash Flow Firm Growth		 -47.35% -37.50% 189.25% 221.11% 148.94% 38.71% -124.75% -129.16% -117.72% -51.48% 350.56%
Invested Capital Growth		 -10.45% -13.78% -35.82% -36.79% -25.90% -16.29% 13.82% 16.90% 6.56% -9.57% -29.97%
Revenue Q/Q Growth		 -372.23% -1,099.23% 86.40% 132.18% 106.48% 17.25% 2,603.61% -37.88% 142.52% -65.17% 98.61%
EBITDA Q/Q Growth		 -215.36% -221.35% 83.37% 48.92% 106.41% 147.39% 184.55% -88.81% 1,676.26% -119.51% 322.26%
EBIT Q/Q Growth		 -279.83% -242.52% 79.30% 73.07% 226.22% -79.95% 178.57% -92.17% 2,598.16% -122.44% 296.96%
NOPAT Q/Q Growth		 -301.37% -224.14% 79.30% 73.07% 161.73% -58.99% 210.72% -94.44% 2,032.32% -128.40% 378.59%
Net Income Q/Q Growth		 -309.90% -227.20% 82.62% 38.13% 122.12% -292.67% 156.00% -114.38% 1,286.45% -161.41% 200.80%
EPS Q/Q Growth		 -264.00% -164.84% 86.72% 43.75% 122.12% -292.67% 112.50% -400.00% 1,286.45% -265.38% 120.93%
Operating Cash Flow Q/Q Growth		 -12.47% 31.93% 297.48% -132.64% 54.22% 33.87% 98.44% -23,240.00% 85.60% -252.14% 65.92%
Free Cash Flow Firm Q/Q Growth		 -10.98% 5.15% 235.74% 2.17% -30.98% -41.41% -160.87% -20.40% 58.07% 260.47% 214.31%
Invested Capital Q/Q Growth		 -3.04% -6.70% -27.52% -3.60% 13.67% 5.40% -1.45% -1.00% 3.62% -10.55% -23.68%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 0.00% 0.00% 0.00% -318.32% 9.88% 20.84% 44.73% 8.06% 59.02% -33.07% 37.01%
EBIT Margin		 0.00% 0.00% 0.00% -206.12% 126.00% 21.55% 41.16% 5.19% 57.73% -37.20% 36.89%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% -402.68% 43.14% -70.88% 28.21% -6.53% 31.94% -56.31% 28.58%
Tax Burden Percent		 100.31% 101.25% 94.34% 99.71% 98.60% 96.14% 98.65% 109.64% 95.69% 99.75% 99.01%
Interest Burden Percent		 105.67% 100.00% 90.14% 195.92% 34.72% -342.10% 69.47% -114.75% 57.81% 151.75% 78.25%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 1.40% 0.00% 1.35% 0.00% 4.31% 0.00% 0.99%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.38% 0.04% 0.68% -0.54% 0.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% -0.42% 0.26% -0.02% 0.68% -0.69% 0.85%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% -1.30% 0.64% -0.05% 1.85% -1.62% 1.67%
Return on Equity (ROE)		 -14.48% -38.58% -40.25% -41.24% -33.37% -1.23% 1.02% -0.01% 2.53% -2.16% 2.62%
Cash Return on Invested Capital (CROIC)		 8.73% 8.82% 36.52% 37.63% 24.40% 16.28% -13.51% -15.58% -5.17% 11.01% 36.55%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.38% 0.06% 1.22% -0.76% 0.85%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% -0.29% 0.26% -0.08% 0.67% -1.15% 0.66%
Return on Common Equity (ROCE)		 -12.85% -36.05% -37.60% -38.51% -31.20% -1.12% 0.92% -0.01% 2.29% -1.79% 2.16%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -44.67% -45.35% -47.72% 0.00% -7.58% -2.61% 0.00% 0.00% 1.00% 1.05%
Net Operating Profit after Tax (NOPAT)		 -16 -51 -11 -2.85 1.76 0.72 2.73 0.15 3.24 -0.92 2.56
NOPAT Margin		 0.00% 0.00% 0.00% -144.29% 43.14% 15.09% 40.61% 3.63% 31.94% -26.04% 36.53%
Net Nonoperating Expense Percent (NNEP)		 0.64% 2.23% 0.27% 0.63% 0.00% 0.49% 0.12% 0.06% 0.00% 0.16% 0.10%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 262.75% -26.00% 78.45% 58.84% 94.81% 42.27% 137.20% 63.11%
Earnings before Interest and Taxes (EBIT)		 -21 -73 -15 -4.07 5.14 1.03 2.77 0.22 5.86 -1.31 2.59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -23 -74 -12 -6.29 0.40 1.00 3.01 0.34 5.99 -1.17 2.60
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.48 0.38 0.48 0.57 0.49 0.51 0.50 0.48 0.51 0.43 0.47
Price to Tangible Book Value (P/TBV)		 0.48 0.38 0.48 0.57 0.49 0.51 0.50 0.48 0.51 0.43 0.47
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 26.51 13.71 10.26 5.77 5.06 4.90
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 15.81% 17.26% 14.22% 10.77% 10.51% 12.96% 8.89% 9.52% 0.00% 13.44% 10.25%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.85 0.79 0.77 0.78 0.80 0.79 0.78 0.79 0.81 0.75 0.73
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 170.97 87.95 70.65 39.19 34.52 23.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 65.35 191.87 99.59
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 67.77 233.00 108.10
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 70.53 74.02 46.36
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 2,686.71 116.27 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.21 8.29 1.65 1.60 2.80 4.40 0.00 0.00 0.00 6.46 1.64
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.21 3.76 2.48 2.45 2.93 2.45 2.42 2.42 2.55 2.22 1.48
Long-Term Debt to Equity		 3.21 3.76 2.48 2.45 2.93 2.45 2.42 2.42 2.55 2.22 1.48
Financial Leverage		 3.27 3.48 2.96 2.87 3.08 3.06 2.45 2.43 2.72 2.34 1.95
Leverage Ratio		 4.35 4.56 4.06 3.92 4.15 4.12 3.51 3.46 3.75 3.36 3.35
Compound Leverage Factor		 4.60 4.56 3.66 7.68 1.44 -14.08 2.44 -3.97 2.17 5.10 2.62
Debt to Total Capital		 76.24% 79.01% 71.23% 71.02% 74.54% 71.04% 70.74% 70.76% 71.82% 68.98% 59.60%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 76.24% 79.01% 71.23% 71.02% 74.54% 71.04% 70.74% 70.76% 71.82% 68.98% 59.60%
Preferred Equity to Total Capital		 2.64% 0.00% 0.00% 0.00% 0.00% 4.97% 5.04% 5.09% 4.92% 5.50% 7.20%
Noncontrolling Interests to Total Capital		 0.15% 0.16% 0.11% 0.12% -0.02% -0.01% -0.01% -0.02% -0.04% -0.05% -0.06%
Common Equity to Total Capital		 20.97% 20.83% 28.66% 28.86% 25.47% 24.01% 24.23% 24.16% 23.31% 25.57% 33.26%
Debt to EBITDA		 -19.11 -8.21 -6.25 -6.10 -7.84 -44.40 -69.33 -156.60 58.06 176.65 81.64
Net Debt to EBITDA		 -18.10 -7.36 -5.54 -5.25 -7.14 -38.44 -59.73 -138.32 51.79 149.82 68.60
Long-Term Debt to EBITDA		 -19.11 -8.21 -6.25 -6.10 -7.84 -44.40 -69.33 -156.60 58.06 176.65 81.64
Debt to NOPAT		 -31.38 -12.24 -7.84 -7.38 -11.85 -44.39 -130.52 -15,267.14 62.67 68.15 38.00
Net Debt to NOPAT		 -29.72 -10.97 -6.94 -6.36 -10.79 -38.43 -112.45 -13,484.24 55.90 57.79 31.93
Long-Term Debt to NOPAT		 -31.38 -12.24 -7.84 -7.38 -11.85 -44.39 -130.52 -15,267.14 62.67 68.15 38.00
Noncontrolling Interest Sharing Ratio		 11.29% 6.56% 6.58% 6.62% 6.52% 9.52% 9.39% 9.59% 9.33% 17.33% 17.42%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 137 144 483 494 341 200 -120 -144 -60 97 304
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 4.63 10.20 41.76 56.99 36.87 21.26 -12.69 -15.25 -6.60 10.87 36.76
Operating Cash Flow to Interest Expense		 -0.41 -0.58 1.40 -0.61 -0.26 -0.17 0.00 -0.62 -0.09 -0.33 -0.12
Operating Cash Flow Less CapEx to Interest Expense		 -0.37 -0.57 1.51 -0.60 -0.23 -0.13 0.08 -0.54 -0.01 -0.31 -0.12
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.02 0.02
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,308 1,221 885 853 969 1,022 1,007 997 1,033 924 705
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.02 0.02 0.03
Increase / (Decrease) in Invested Capital		 -153 -195 -494 -496 -339 -199 122 144 64 -98 -302
Enterprise Value (EV)		 1,113 963 681 662 779 804 787 788 835 692 513
Market Capitalization		 132 97 122 140 121 125 123 114 123 101 109
Book Value per Share		 $9.99 $8.28 $6.86 $5.40 $5.44 $5.17 $5.37 $5.30 $5.30 $31.20 $30.17
Tangible Book Value per Share		 $9.99 $8.28 $6.86 $5.40 $5.44 $5.17 $5.37 $5.30 $5.30 $31.20 $30.17
Total Capital		 1,308 1,221 885 853 969 1,022 1,007 997 1,033 924 705
Total Debt		 997 964 630 606 723 726 712 705 742 637 420
Total Long-Term Debt		 997 964 630 606 723 726 712 705 742 637 420
Net Debt		 944 864 558 522 658 628 614 623 662 541 353
Capital Expenditures (CapEx)		 -1.19 -0.22 -1.23 -0.12 -0.29 -0.38 -0.79 -0.72 -0.76 -0.18 0.00
Net Nonoperating Expense (NNE)		 6.83 23 2.27 5.11 0.00 4.11 0.83 0.42 0.00 1.07 0.56
Net Nonoperating Obligations (NNO)		 997 964 630 606 723 726 712 705 742 637 420
Total Depreciation and Amortization (D&A)		 -1.70 -0.94 2.81 -2.22 -4.74 -0.03 0.24 0.12 0.13 0.15 0.01
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.91) ($2.41) ($0.32) ($0.18) $2.64 ($0.48) $0.01 ($0.03) $1.56 ($0.43) $0.09
Adjusted Weighted Average Basic Shares Outstanding		 24.29M 30.70M 39.34M 45.33M 1.12M 7.57M 45.42M 45.42M 1.26M 7.62M 7.75M
Adjusted Diluted Earnings per Share		 ($0.91) ($2.41) ($0.32) ($0.18) $2.64 ($0.48) $0.01 ($0.03) $1.56 ($0.43) $0.09
Adjusted Weighted Average Diluted Shares Outstanding		 24.29M 30.89M 39.34M 45.33M 1.12M 7.57M 45.42M 45.42M 1.26M 7.62M 7.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $2.64 $0.00 $0.00 $0.00 $1.56 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 27.46M 36.98M 45.61M 45.42M 7.91M 7.57M 45.42M 45.43M 1.26M 7.77M 7.77M
Normalized Net Operating Profit after Tax (NOPAT)		 -16 -51 -11 -2.85 1.76 0.72 2.73 0.15 3.24 -0.92 2.56
Normalized NOPAT Margin		 0.00% 0.00% 0.00% -144.29% 43.14% 15.09% 40.61% 3.63% 31.94% -26.04% 36.53%
Pre Tax Income Margin		 0.00% 0.00% 0.00% -403.85% 43.75% -73.72% 28.59% -5.95% 33.38% -56.46% 28.87%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.72 -5.18 -1.31 -0.47 0.56 0.11 0.29 0.02 0.64 -0.15 0.31
NOPAT to Interest Expense		 -0.53 -3.63 -0.92 -0.33 0.19 0.08 0.29 0.02 0.35 -0.10 0.31
EBIT Less CapEx to Interest Expense		 -0.68 -5.16 -1.20 -0.46 0.59 0.15 0.38 0.10 0.72 -0.13 0.31
NOPAT Less CapEx to Interest Expense		 -0.49 -3.61 -0.81 -0.32 0.22 0.12 0.37 0.09 0.44 -0.08 0.31
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -43.84% -15.72% -12.89% -10.41% -12.30% -46.81% -143.24% -220,080.00% 747.96% 426.91% 457.48%
Augmented Payout Ratio		 -43.84% -15.72% -12.89% -10.41% -12.30% -46.81% -143.24% -220,080.00% 747.96% 426.91% 457.48%

Financials Breakdown Chart

Key Financial Trends

Rithm Property Trust (NYSE:RPT) has shown a mixed but improving operating picture over the last year, though the business remains highly sensitive to interest-rate moves and investment gains/losses. The latest quarter (Q1 2026) was loss-making on both an accounting and cash basis, but it also featured a much stronger liquidity position and meaningful investment-related cash inflows. Compared with the volatile results seen in 2024 and early 2025, the company has stabilized somewhat, but earnings quality is still inconsistent.

  • Cash and equivalents rose to $96.3 million in Q1 2026 from $81.4 million in Q3 2025, improving near-term liquidity.
  • The company ended Q1 2026 with $930.6 million in total assets, up from $858.2 million a year earlier, suggesting the balance sheet has grown.
  • Mortgage servicing rights remained a major asset at $356.1 million, helping support the asset base even though the position has declined from prior periods.
  • Q1 2026 generated strong investing cash inflows, including $131.9 million from sales and maturities of investments, which helped offset operating weakness.
  • Common equity improved modestly to $236.2 million in Q1 2026 from $240.9 million in Q3 2025, indicating book value has not collapsed despite recent losses.
  • Revenue in Q1 2026 was $3.5 million, down from $10.1 million in Q4 2025, reflecting the quarter’s weaker non-interest income.
  • The company continues to rely heavily on investment securities interest income and capital gains/losses, which can make quarterly results volatile.
  • Share count has been much higher than earlier periods, with Q1 2026 basic shares at about 7.6 million versus roughly 45.4 million in some 2025 quarters, likely reflecting changes in capital structure or reporting details.
  • Preferred stock remains an ongoing claim on earnings, with $1.29 million in preferred dividends declared in Q1 2026.
  • Q1 2026 reported a $1.99 million net loss, and common shareholders absorbed a larger $3.28 million loss after preferred dividends.
  • Operating cash flow was negative at -$3.0 million, showing the core business did not generate cash during the quarter.
  • Long-term debt remained high at $637.4 million, leaving the company leveraged relative to its equity base.
  • Interest expense of $8.9 million exceeded interest income in the latest quarter, pressuring profitability.
  • The company’s results have been extremely volatile over the past year, swinging from a $3.2 million profit in Q4 2025 to a loss in Q1 2026 and much larger losses in early 2024.

Longer-term trend: RPT’s financials show a pattern of episodic profitability rather than steady operating earnings. 2024 included several quarters of heavy losses, especially when investment valuations moved against the company. By late 2025, profitability improved materially, but Q1 2026 reversed that progress. The balance sheet still carries substantial debt, so performance will likely depend on maintaining liquidity, controlling funding costs, and avoiding large mark-to-market swings.

Bottom line: Rithm Property Trust looks more stable than it did during its weakest periods, but it is not yet a consistently profitable business. Investors should view it as a levered, rate-sensitive company with decent liquidity but uneven earnings power.

07/31/26 11:44 PM ETAI Generated. May Contain Errors.

Rithm Property Trust Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rithm Property Trust's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Rithm Property Trust's net income appears to be on a downward trend, with a most recent value of $1.47 million in 2025, falling from $25.79 million in 2015. The previous period was -$93.05 million in 2024. See where experts think Rithm Property Trust is headed by visiting Rithm Property Trust's forecast page.

Over the last 10 years, Rithm Property Trust's total revenue changed from $37.57 million in 2015 to $21.31 million in 2025, a change of -43.3%.

Rithm Property Trust's total liabilities were at $750.43 million at the end of 2025, a 2.7% increase from 2024, and a 101.7% increase since 2015.

In the past 10 years, Rithm Property Trust's cash and equivalents has ranged from $30.80 million in 2015 to $107.15 million in 2020, and is currently $79.32 million as of their latest financial filing in 2025.

Over the last 10 years, Rithm Property Trust's book value per share changed from 14.30 in 2015 to 5.30 in 2025, a change of -62.9%.


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Financial statements for NYSE:RPT last updated on 7/31/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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